UNITED STA TES BANKRUPTCY COURT

DISTRICT OF DELA WARE

Case Nn. 09- J 0788

In re: Carnero~ Acquisition CorP,.

Debtor

Reporting Period: July 2009

MONTHLY OPERATING REPORT

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I declare under penalty of perjury (28 U.S.c. Section 1746) that this repolt and the attached documents
are true and COlTect to the best of my know ledge and belief.

Signature of Debtor

Date

Signature of Joint Debtor

Date

RAt;:!
Date I I

Ji(,,
Printed Name of Authorized Individual

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Title of Authorized Individual

:0 AuUionzed individual must be m: offcer, director or sharholder if debtor is a corporation; a partner if debtor

is a parership; a manager or member if debior is a Iimiied liability company.

MOR
1~107)

In le: Cameros Acquisiijon ClD.

Debtor

Case No. 09-107&8

Reponing Period: Julv 2009

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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TH FOLLOWING SECTION MUST BE COMPLETE

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TOTAL DlSBURS&Vlh'N

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$0.00

LESS' TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS

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PLUS. ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (j,e. from e~ClOW l1"counls)

$0,00

TOTAL DISBURSEME FOR CALCLJLATING 1:.s. TRUSTEE OUARTERLY FEll

$0.00

FORM MOR I
11J4n)

In re: ('.amero, ACQui,irion Com.

Case No. 09.10788

Reoorrini Period: Julv 2009

Debtor

BANK RECONCILIATIONS
intinaOD Soot for MOR-I

BANK BALANCE

t+) DEPOSITS IN TRANSIT (ATTACH US1)

Cameros Acquisition Corp. doe not maintain any cash accoun\S

H OUTTANDING CHECKS (ATIACH US1)

ADJUSTED BANK BALNCE'
. Aduslcd bank bJll.1Rce mu:t equal
balance pCI' books

FORM MOR-ilt
'MICl7)

No profesional fees were paid post-petiton.

(04107)

FORM MOR-l b

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Reporting: Period: July 2009

Case No. 09-10788

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SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

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In re: Cameros Acquisition Corp.

Debtor

In re: Cameros Acquisition CorP.

Debtor

Case N~Q9-10788
Reporting Period: Jttly 2009

STATEMENT OF OPERATIONS
(lneome Statement)

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Interest and dividends
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Realize gaiii(loss) on dervatives
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Interest expense- eash
Other revenue
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General exploration expense
Net Profit (Loss) Before Reoriianization Items

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1 Professional Fees

Reorganization Interest

I Net Profit (Loss)

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FORM MOR-2
(04107)

Co.e No, 09-10788

In rc: (~amc:r(Js Acnuisition Corn.

Debtor

Renoninn Period: Julv 2009

BALANCE SHEET

1.840,096
1.840,096

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Seured Debt

Priority Debt
Unseured Debt
Intercmuanv Pavables
TOTAL PRE-PCTITION L1ABILITtES

5,099.434
5.099.434

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6.124.90

(9.384,338)

(3.259.338)

fORM MOR.)
(OiOl,

Case No. 09- i G788

In re: Cameros Aequisition Corp,

Debtor

Reporting Peiiod: July 2009

BALANCE SHEET - continuation sheet

Intercom any Receivables

Derivative Assets
Advances
Other Receivables

Total Other CUlent Assets

1,840,096

FORM MOR-) CONTD

(04107)

In re: Cameros ACQuisition Corp.

Case No. 09-10788

Debtor

Reponing Period: Julv 2009

STATUS OF POSTPETITlON TAXES

Not Applicable

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Withholding
Sales
Excise
Unemployment

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Not Applicable

Real Prooert
Personal Property

Total State and Loal

Total Taxes

SUMMARY OF UNAID POSTPETITION DEBTS

Not Applkable

fORM MOR-4
(04fQ7)

In re: Cameros Acquisition Corp.

Case No. 09-10788

Debtor

Reporting Period: July 20(

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

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of the reporting period

Total Accottnts Receivable at the beginning

+ Amounts biled durin the eriod

- Amounts collected during the period

Not Applicable
the reporting period

Total Accounts Receivable at the end of

o - 30 days old

31 - 60 da sold
61 - 90 da sold
Not Applicable

91+ da sold

Total Accounts Receivable

Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE
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i. Have any assets been sold or trsferred outside the normal course of business

No

this reprting period? If yes, provide an explanation below.

2. Have any funds been dishursed from any account other than a debtor in possession

No

aceount this reponing period? If yes, provide an explanation below.

3. Have all postpetition tax returns been timely tiled? If no. provide an explanation
below.

N/A

4. Are workers compensation. general liability and other nec~ssalY insurance

Yes

coverages in effect? If no. provide an explanation below.

5, Has any bank account been opened durng the reponing period? If yes, provide
documentation identifying the opened account(s), If an investment account has been opened

No

provide the reuired documntation pursuant to the Delaware Local Rule 400 1-3,

FORM MOR-5
(04107)